MarineMax to acquire Intrepid Powerboats.

MarineMax, a recreational boat and yacht retailer, agreed to acquire Intrepid Powerboats, a premier manufacturer of powerboats. Financial terms were not disclosed. “The strategic acquisition of Intrepid Powerboats allows us to provide Intrepid with additional resources to expand and to enhance how it serves their extremely loyal customer base. We believe we can help grow the Intrepid brand by leveraging our digital technologies, capital and other resources. This accretive acquisition aligns with our long-term strategy of adding quality businesses to our portfolio and implementing best practices to support the expansion of our gross margins,” W. Brett McGill, MarineMax CEO and President.